1.

Record Nr.

UNINA9910524695603321

Autore

Munnell Alicia Haydock

Titolo

Social security and the stock market : how the pursuit of market magic shapes the system / / Alicia H. Munnell, Steven A. Sass

Pubbl/distr/stampa

Kalamazoo, Michigan : , : W.E. Upjohn Institute, , [2006]

©2006

ISBN

0-88099-450-9

Descrizione fisica

1 online resource (ix, 171 pages) : illustrations

Disciplina

353.008256

Soggetti

Social security - United States - Finance

Pension trusts - Investments - United States

Stock exchanges - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references (pages 145-156) and index.

Sommario/riassunto

"Optimal social security design needs to look at the tradeoff between risk and return of retirement benefits. Munnell and Sass provide an excellent and lucid exposition of the issues which arise when seeking higher returns through riskier benefit designs. This is the book to turn to in order to review international experience so as to understand the pluses and minuses of equities." -J. Michael Orszag, Head of Research, Watson Wyatt LLP.